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Balance transfer credit score
razla01
Posts: 35 Forumite
in Credit cards
does any1 know if doing balance transfers with credit cards affects your credit rating as I personally feel that it could hinder ur chances in near future
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Comments
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why would it hinder your future chances, the same amount of debt will be utstanding either way, the only point that could lower your school is if you applied for a new card to do the BT on then your score will slightly lower temporarily as other companies can see you applied for credit elsewhere0
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AMEX a while ago were dishing out big limits, but turning down customer requests for a 0% balance transfer because their credit score was 'too low'.
My ex had it, after they gave her a £10k limit.........
So avoid those guys.0
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